Hudson Pacific Completes $455M Bentall Centre Loan Refinancing
Portfolio Pulse from Benzinga Newsdesk
Hudson Pacific Properties, Inc. (NYSE:HPP) and Blackstone have successfully refinanced the loan secured by Bentall Centre, a 1.5 million-square-foot office property located in Vancouver, British Columbia. The new $454.8 million mortgage loan bears an interest rate of 230 basis points over CORRA, swapped to a fixed rate of 4.36%, and matures in 2027. With this refinancing, Hudson Pacific has no debt maturities until December 2024.
November 09, 2023 | 2:25 pm
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Hudson Pacific Properties has successfully refinanced the Bentall Centre loan, pushing its debt maturities to December 2024. This could strengthen the company's financial position.
The successful refinancing of the Bentall Centre loan means Hudson Pacific Properties has no debt maturities until December 2024. This could provide financial stability and flexibility for the company, potentially making it more attractive to investors.
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